Sunday, September 25, 2011

Egyptian economy experiencing inflationary recession

A recent report published in the Egyptian capital Cairo reveals that the local economy is experiencing what it described as inflationary recession in the post-January 25 revolution. As a result unemployment rose from 9.1% last year to 11.9% in the first quarter of this year.

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� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www.albawaba.com/business/egyptian-economy-experiencing-inflationary-recession-391936

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